Leeds Rhinos news: latest accounts show increased loss as turnover rises
Leeds Rhinos made an increased pre-tax loss of £2.18m in the year to October 31, 2025, as turnover rose by more than £1m.
Leeds Cricket Football and Athletic Company accounts reveal the 2025 loss before tax grew from £1.87m the previous year. Turnover was up from £11.9m 12 months earlier to £13m.
The company’s strategic report says directors remain confident about the future, despite the loss. It states: “While the financial result represents a deterioration compared with the prior year, the directors consider this to be consistent with the club’s strategic objective of maintaining competitive on-field performance while continuing to invest in long-term commercial and operational sustainability.”
The report adds the increase in turnover reflected “growth across several income streams, most notably tickets and memberships, commercial revenue, catering, and event income”. Central funding also increased modestly year-on-year.
This growth, the report says, was “achieved against a backdrop of continued economic uncertainty and competitive pressure across the professional rugby league landscape”.
Rhinos’ average attendance increased to 14,721 in 2025, from 14,021, which the report attributes to “improved and targeted marketing initiatives and continued engagement with schools, community clubs,and local businesses, alongside improved on field performance”.
However, hospitality revenues reduced marginally year-on-year, with average covers falling from 810 in 2024 to 771 in 2025. The report adds the club are “in active discussions to bring additional events to the stadium”, following last year’s Ashes Test and the annual Rob Burrow Marathon.